Shares of retail giant Costco Wholesale Corporation (NASDAQ:COST) are up about 52% over the past year. While the company delivered mixed second-quarter financials, its membership base continues to expand, and its renewable rate remains high. As the retailer continues to grow its membership, it’s the right time to delve into its ownership structure.
Now, according to TipRanks’ ownership page, public companies and individual investors own 45.82% of COST. They are followed by other institutional investors, mutual funds, and insiders at 35.93%, 17.42%, and 0.83%, respectively.
Digging Deeper into COST’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns an 8.09% stake in COST stock. Next up is Vanguard Index Funds, which holds a 6.60% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Positive on Costco stock based on the activity of 40 hedge funds. Hedge funds increased their COST holdings by 193.8K shares in the last quarter.
Meanwhile, individual investors have a Positive view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding COST stock increased by 5.3%. Overall, among the 723,438 portfolios monitored by TipRanks, 1.5% have invested in Costco stock.
What Is the Outlook for Costco Stock?
Wall Street analysts are bullish about Costco stock. The stock has received 20 Buy and six Hold recommendations for a Strong Buy consensus rating. However, analysts’ average COST stock price target of $777.08 implies 6.07% upside potential.
Conclusion
TipRanks’ Ownership tool provides COST ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of Costco stock, go to TipRanks’ Stock Analysis page.
